More people than ever are choosing to retire early, kick their feet up and enjoy their golden years. One in eight workers hopes to retire before they turn 61. However, that requires building a comfortable financial situation to survive 20, 30 or even 40 years of retirement.
That’s why choosing the right type of retirement strategy is vital to setting yourself up for financial success in your golden years. One of the biggest complaints I hear from retirees is that their taxes are too high. Tax expenses don’t end when you retire, but proper planning can help minimize your tax burden when you’re ready to use your money. Whether it’s an employer-sponsored 401(k) plan or an IRA, the choice between a traditional and Roth retirement plan requires a thoughtful approach.
